Business Climate and Economy

Inflows through IMTOs surge by 39% in Q1 2024 on CBN reforms
July 23, 2024

The Central Bank of Nigeria (CBN) has reported a 39% increase in inflows through International Money...

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Renewable Energy: Nigerian, Other Markets Pose $193bn Opportunity
July 19, 2024

The size of Africa’s investment opportunity in renewable energy represents a potential $193 billion by 2031....

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Report: Nigeria Growing Fast In $1trn Advertising Revenue Projection
July 19, 2024

Despite economic headwinds, technological disruption and increased geographic and industry competition, the global advertising revenue is...

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IMF Reduces Nigeria’s Growth Forecast To 3.1%
July 18, 2024

The International Monetary Fund (IMF) reviewed downwards its forecast for Nigeria’s economic growth in 2024 from...

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Expert forecasts $288.8m growth in Nigeria’s data centre market
July 17, 2024

The Nigerian data centre market is projected to grow from its current $131.6 million to $288.8...

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Banks’ credits to private sector rises by 66% to N74.31 trillion
July 16, 2024

Nigerian banks have generated approximately $19 billion in new loans and support for the private sector...

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FIRS records 170,000 new taxpayers, 20% increase in compliance
July 15, 2024

The Federal Inland Revenue Service (FIRS) says the number of new taxpayers in Nigeria has increased...

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Nigeria’s digital economy to generate $18.3 billion by 2026 – Bosun Tijani
July 12, 2024

The Minister of Communications and Digital Economy Dr Bosun Tijani, has said the country’s digital economy...

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Nigeria’s crude oil production in June rises to 1.27 million barrels daily- OPEC
July 12, 2024

Nigeria’s average daily crude oil production in the month of June rose marginally to 1.276 million...

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Broadband Mapping: Nigeria To Benefit From Initial £15m Budget
July 11, 2024

Nigeria and 10 other countries have been listed to benefit from an initial $16.2 million budget...

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Cashew: Poor Pricing Pegs Nigeria’s Export Value At N281bn
July 9, 2024

Despite its premium quality nuts, poor pricing has limited the value of Nigerian cashew exports to...

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Value Of Data Center Market To Grow By 30% To $430bn
July 9, 2024

Over the past decade, the once-niche piece of IT infrastructure — data centers — has become...

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